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Indonesia: Rating of Sritex Drops Again from B3 to Ca

JAKARTA (TheInsiderStories) - Moody's Investors Service has downgraded PT Sri Rejeki Isman Tbk (IDX: SRTX) or Sritex corporate family rating (CFR) to Ca from B3 with outlook...

Moody’s Affirms Bank Permata’s Baa2 Ratings

JAKARTA (TheInsiderStories) - Moody's Investors Service has affirmed PT Bank Permata Tbk (IDX: BNLI)' Baa2 long-term local and foreign currency deposit ratings with outlook stable. The agency has...

Indonesia’s Sritex Debt Extension Unsure, Rating Downgraded

JAKARTA (TheInsiderStories) - Textile manufacturer, PT Sri Rejeki Isman Tbk (IDX: SRIL) also known Sritex reported only 60 percent of their lender has agreed to extend...

Moody’s Reviews Sritex Rating, Withdraw Barito and Jasa Marga Ratings

JAKARTA (TheInsiderStories) - Moody's Investor Services has review textile producer, PT Sri Rejeki Isman Tbk (IDX: SRTX) also known Sritex rating and withdraw PT Barito...

Moody’s Affirms CIMB Niaga Baa2 Ratings with Outlook Stable

JAKARTA (TheInsiderStories) - Moody's Investors Service affirmed PT Bank CIMB Niaga Tbk (IDX: BNGA) Baa2 long-term local and foreign currency deposit ratings with outlook remains stable. The affirmation of...

Indonesia’s Pertamina Offers Global Bond for Business Expansion

JAKARTA (TheInsiderStories) - The national petroleum company, PT Pertamina, offered US Dollar denominated bond under the US$20 billion program said the international rating agencies today....

Indonesia’s Sritex Offers Bond US$150M for Debt Refinancing

JAKARTA (TheInsiderStories) - Indonesian textile manufacturer, PT Sri Rejeki Isman Tbk (IDX: SRTX) also known Sritex, offered senior unsecured notes US$150 million for debt refinancing. Moody's...

Moody’s Downgrades Saka Energi’s Senior Unsecured Notes to B2

JAKARTA (TheInsiderStories) - Moody's Investors Service has downgraded the corporate family and the senior unsecured rating of PT Saka Energi Indonesia to B2 from B1. At the same...

Indonesia to Releases Global Bond to Finances Budget Deficit

JAKARTA (TheInsiderStories) - Indonesian government plans to releases senior unsecured US Dollar notes and Eurobond and get Baa2 rating from Moody's Investors Service, the agency reported...

Moody’s Downgrades Sritex Rating to B1 on the Weaken Liquidity

JAKARTA (TheInsiderStories) - Moody's Investors Service has downgraded the local textile producer, PT Sri Rejeki Isman Tbk also known Sritex (IDX: SRTX) corporate family rating from Ba3...

Indonesia’s Agung Podomoro Sell Assets for US$144M

JAKARTA (TheInsiderStories) - Indonesian developer, PT Agung Podomoro Land Tbk (IDX: APLN) sold Central Park in Central Jakarta and land in Karawang, West Java, to PT...

Moody’s affirms Bank Central Asia, Bank Tabungan Negara Ratings

JAKARTA (TheInsiderStories) - Moody's Investors Service has affirmed PT Bank Central Asia Tbk (IDX: BBCA) and PT Bank Tabungan Negara Tbk (IDX: BBTN)' Baa2 long-term local and foreign...

Moody’s: Prospects Dim for Asia’s Coal Power Companies on Slowing Power...

JAKARTA (TheInsiderStories) - Coal power generation in Asia will decline if annual growth in power demand slows to below 2 - 3 percent on average in the...

Moody’s Affirms Cikarang Listrindo’s Ba2 Ratings

JAKARTA (TheInsiderStories) - Moody's Investors Service has affirmed private power producer, PT Cikarang Listrindo' Ba2 corporate family and senior unsecured bond ratings. The outlook on all ratings remains...

Global Airlines Lay Off Employees to Survive

JAKARTA (TheInsiderStories) - The impact of COVID-19 outbreak has hit global airlines businesses. Recently, state-run flag-carrier PT Garuda Indonesia Tbk (IDX: GIAA) and United States' firm Boeing Co.,...

Moody’s: Merger of Sharia Banks will be Credit Positive for Islamic...

JAKARTA (TheInsiderStories) - PT Bank Negara Indonesia Tbk (IDX: BBNI) (Baa2 stable, baa31), PT Bank Rakyat Indonesia Tbk (IDX: BBRI) (Baa2 stable, baa2), and PT Bank...

Indonesia’s Waskita Pay Debt US$169M After Raises Bank Loan

JAKARTA (TheInsiderStories) - The construction firm, PT Waskita Karya Tbk (IDX: WSKT) raised a bank loans Rp2 trillion from state-owned lender, PT Bank Negara...

Moody’s Downgrades Alam Sutera’s Rating to Caa3

JAKARTA (TheInsiderStories) - Moody's Investors Service has placed on review for downgrade the Caa1 corporate family rating (CFR) of PT Alam Sutera Realty Tbk (IDX: ASRI). The agency has...

Fitch Downgrades Modernland Realty Rating on Uncured Payment Default

JAKARTA (TheInsiderStories) - Fitch Ratings has downgraded Indonesia-based property developer PT Modernland Realty Tbk' (IDX: MDLN) Long-Term Issuer Default Ratings (IDR) to 'RD' from 'C'. The downgrade...

Coronavirus Continues to Pressure Indonesian Corporates’ Liquidity

JAKARTA (TheInsiderStories) - Fitch Ratings expects signs of recovery in business activity in Indonesia in second half (2H) of 2020 following some easing of social distancing...

Fitch Downgrades Wijaya Karya Rating from BB to BB-

JAKARTA (TheInsiderStories) - Fitch Ratings has downgraded Indonesian government-owned construction company PT Wijaya Karya Tbk' (IDX: WIKA) Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDR) to...

Coronavirus-led Economic Shock Hurts Demand Across Indonesia’s Property Sector

JAKARTA (TheInsiderStories) - Moody's Investors Service says that the pandemic-led consumption shock will drive economic contraction and hurt demand across all segments of Indonesia' property sector...

Moody’s places Lippo Malls Indonesia Retail Trust’s Ratings on Review

JAKARTA (TheInsiderStories) - Moody's Investors Service has placed on review for downgrade the B1 corporate family rating of Lippo Malls Indonesia Retail Trust (LMIRT). The agency also has placed...

Weak Coal Prices, US bond Maturity Weigh BUMA’s Credit Quality

JAKARTA (TheInsiderStories) - Moody's Investors Service says that the twin challenges of low coal prices and a size-able bond maturity continue to challenge Indonesian mining-services contractor, PT...

Fitch Downgrades Waskita Beton Rating to CCC-

JAKARTA (TheInsiderStories) - Fitch Ratings Indonesia has downgraded precast concrete producer, PT Waskita Beton Precast Tbk' (IDX: WSBP) National Long-Term Rating to 'CCC-(idn) from earlier BB...

Indonesia’s Summarecon Prepares US$89M to Repay Bonds

JAKARTA (TheInsiderStories) - Indonesian property issuer, PT Summarecon Agung Tbk (IDX: SMRA) prepared funds Rp1.8 trillion (US$89.65 million) to pay off maturing bonds in this year....

Indonesia’s Soechi Lines Rating Drops to B2 from B1

JAKARTA (TheInsiderStories) - Moody's Investors Service has downgraded the shipping operator issuer, PT Soechi Lines Tbk (IDX: SOCI)' corporate family rating to B2 from...

Fitch Downgrades Agung Podomoro Rating to ‘C’

JAKARTA (TheInsiderStories) - Fitch Ratings has downgraded Indonesia-based developer, PT Agung Podomoro Land Tbk' (IDX: APLN) Long-Term Issuer Default Rating (IDR) to 'C' from 'CCC-'. At the...

Fitch Downgrades Alam Sutera to ‘CCC-‘ on Heightened Refinancing Risks

JAKARTA (TheInsiderStories) - Fitch Ratings has downgraded property developer, PT Alam Sutera Realty Tbk' (IDX: ASRI) Long-Term Issuer Default Rating (IDR) to CCC- from B-. At...

Indonesian Corporates to See Earnings Fall Up to 50% on COVID-19

JAKARTA (TheInsiderStories) - Moody's Investors Service says in a new report that the credit quality of Indonesian corporates is set to deteriorate amid the coronavirus, as...
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